39-36 28th Street, Long Island City, NY 11101

11,007 B.S.F. Mixed-Use Development Site

For Sale - Asking Price: $3,288,000

39-36 28th Street, Long Island City, NY 11101

UNDER CONTRACT

39-36 28th Street Offering Memorandum (PDF)

Modern Spaces Commercial + Investment Division has been retained on an exclusive basis to market for sale 39-36 28th Street, Long Island City. The rectangular lot has approximately 5,504 square feet with a zoning designation of M1-2/R5B yielding approximately 11,007 buildable square feet for mixed-use development. The lot is currently improved with a three-family home along with seven (7) garages. All 3 of the one-bedroom, one bathroom apartments are rented on a month-to-month basis offering a buyer cash flow while planning and preparing for a new building. In the short term, if desired, a buyer can immediately renovate and raise the rents, or vacate the house in preparation for construction.

Situated within the Dutch Kills sub-district of Long Island City, this area just north of Queens Plaza benefited from a rezoning in 2008 leading to dramatic changes including thousands of new luxury apartments and commercial space. Given its location, favorable zoning, and 55 feet of frontage, the property is best suited for new development to join the likes of its neighbors in one of the fastest growing neighborhoods in the country.

Contact:

Evan Daniel: 516-508-8189 or evan@modernspacesnyc.com